Connect with us

Compliance Updates

FDJ: Conclusion of the European Commission’s investigation

Published

on

fdj:-conclusion-of-the-european-commission’s-investigation
Reading Time: 2 minutes

 

FDJ takes note of the European Commission’s decision concluding that no State aid was granted to FDJ during its privatisation and that the equalisation payment should be re-evaluated from €380 million to €477 million, i.e. an additional sum of €97 million.

This decision concludes the formal investigation that the European Commission opened on 26 July 2021 to determine whether the €380 million sum that FDJ paid to secure its exclusive rights to operate point-of-sale sports betting and the lottery for a 25-year term, was appropriate.

FDJ welcomes the closure of this investigation and the European Commission’s confirmation, in line with the French Conseil d’Etat’s decision of 14 April 2023, that the legal framework adopted when the Group was privatised was robust.

FDJ has also taken note of the additional equalisation amount, valued by the European Commission at €97 million. The equalisation payment re-evaluated at €477 million is within the range initially established by the French Commission des participations et des transferts  in its opinion no. 2019-A.C.-1 of 7 October 2019.

 Impact on net profit and on the calculation of the dividend per share

This additional equalisation payment is recognised as an intangible asset – “exclusive operating rights”, in the same way as the initial amount of €380 million. As such, it will be amortised over 25 years starting on 23 May 2019, which is the effective date of the Pacte Law no. 2019-486.

FDJ Group announces that it will base its future dividend payments, beginning with those relating to its results for the 2024 financial year, on the adjusted net profit.

This adjusted net profit reflects FDJ’s actual economic performance and allows the Group to monitor and compare its performance against its competitors. It is based on the consolidated net profit restated for the following items:

  • In 2024:
    • the additional amortisation over the 2019-2023 period recognised under exclusive rights in France amounting to €17.9 million.
    • The non-cash impact of the currency hedge relating to the acquisition of Kindred Group, which is recognised under financial result.
  • Depreciation and amortisation of intangible and tangible assets recognised or revalued when allocating the purchase price of business combinations.
  • And changes in tax resulting from these items.

Note that total amortisation of exclusive operating rights will amount to €37.0 million in 2024 and €19.1 million in 2025 after €15.2 million in 2023.

FDJ Group recalls that since 10 May and the French Court of Cassation’s ruling in favour of the FDJ Group in its dispute with Soficoma, which enabled it to cancel 3% of its share capital, the Group’s share capital now stands at 185,270,000 shares.

The post FDJ: Conclusion of the European Commission’s investigation appeared first on European Gaming Industry News.

BHA

BHA Appoints Brant Dunshea as its Chief Executive Officer

Published

on

bha-appoints-brant-dunshea-as-its-chief-executive-officer

 

The British Horseracing Authority (BHA) has confirmed the permanent appointment of Brant Dunshea as its Chief Executive Officer.

Brant has been leading the BHA in an acting capacity since December 2024 following the departure of Julie Harrington.

He has held several senior positions at British racing’s governing and regulatory body since joining the organisation in March 2015, most recently as Chief Regulatory Officer prior to being appointed acting CEO.

The BHA board has also approved the appointment of David Jones as Interim Chair. This follows the resignation of Lord Charles Allen on Tuesday 3 March.

David assumes the role for a second time, having previously filled the position between Joe Saumarez Smith stepping down in January 2025 and Lord Allen formally joining the BHA in September of the same year.

He was appointed to the BHA Board in January 2021 as Senior Independent Director, with extensive experience of British racing and the regulation of the sport, including as a BHA steward for more than a decade.

Steps will now be taken to recruit a permanent BHA Chair.

David Jones, Interim Chair of the BHA, said: “While it is clearly regrettable that agreement could not be reached around governance reform, the sport’s leaders have recognised the need for change. I do believe this is possible, and we must all work to achieve it, in the interests of the sport and the livelihoods that depend on our industry.

“The process to recruit a permanent chair will commence shortly. My hope is that this can be achieved as quickly as possible.

“The BHA will continue to lead British racing with energy and integrity, and I am delighted that the Board has agreed to appoint Brant as the CEO.

“He has proven he is a dynamic and hugely respected leader, and I look forward to working closely with Brant, the Executive and the hard-working, dedicated team at the BHA during a significant year for the sport.”

Brant Dunshea, Chief Executive Officer of the BHA, said: “I am delighted to be appointed Chief Executive Officer of the BHA.

“It is no secret that the sport has experienced a challenging period as it faces up to the process of change at a governance level, but I want to be clear that this has not stopped the BHA and the industry making important progress to safeguard the long-term health of British racing.

“The past year has seen growth in racecourse attendances, the success of the Axe The Racing Tax campaign, major initiatives to ensure more horses are raced and retained on our shores and continued improvements in horse and human welfare.

“I know that the incredible team at the BHA shares my deep passion for our sport and is committed to securing a brighter and more sustainable future for our people and horses.

“It is a huge privilege to be given this opportunity to lead such a knowledgeable and dedicated team at a time of great opportunity for British racing.”

The post BHA Appoints Brant Dunshea as its Chief Executive Officer appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

Continue Reading

Animal Wellness Action

GREY2K USA Worldwide and Animal Wellness Action Celebrate House Agriculture Committee Passage of a Ban on Greyhound Racing in America

Published

on

grey2k-usa-worldwide-and-animal-wellness-action-celebrate-house-agriculture-committee-passage-of-a-ban-on-greyhound-racing-in-america

 

GREY2K USA Worldwide and Animal Wellness Action celebrated the U.S. House Agriculture Committee’s adoption of the Greyhound Protection Act, H.R. 5017, by amendment into H.R. 7567, the Farm, Food, and National Security Act of 2026, also known as the Farm Bill. The legislation will prohibit dog racing nationwide, bar US gamblers from betting on foreign races and block the export of American dogs for racing elsewhere.

Once the sixth largest spectator sport in the US, greyhound racing now occurs at just at two tracks in West Virginia, both owned by Delaware North, a New York-based gambling and food-service company, which has signaled its desire to step back from this outdated and unpopular form of gambling. Greyhound racing is illegal in 44 states, and remote gambling on dog races has recently been prohibited in Arizona, Arkansas, Colorado, Kansas, Massachusetts, New Hampshire, and Oregon. A generation ago, there were 60 tracks in the United States, so the collapse of racing has been precipitous.

The Greyhound Protection Act was introduced last year by Rep. Salud Carbajal (D-Calif.), who also offered last night’s successful amendment to the Farm Bill. The legislation is co-sponsored by a bipartisan group of 28 members of Congress, including Rep. Randy Fine, R-Florida, Rep. Zach Nunn, R-Iowa, and Rep. Don Davis, D-N.C. Nunn and Davis both spoke in favor of the amendment, which passed overwhelmingly by a voice vote of the Agriculture Committee. The groups thanked these lawmakers for their leadership on the issue.

“This is an historic victory for the protection of greyhounds, and the result of decades of grassroots campaigning. We are grateful for the leadership of these legislative champions who have given the dogs a voice,” said GREY2K USA Worldwide Executive Director Carey Theil.

Dogs used for racing are kept confined in stacked metal cages for up to 23 hours a day. When let out to race, they suffer serious injuries including broken legs and backs, crushed skulls, and paralysis. In 2024, 487 greyhound injuries were reported at the final two tracks in West Virginia, including 162 dogs that suffered broken bones and thirteen dogs that died. Since 2020, greyhound breeders in Kansas, Oklahoma, Texas and Colorado have been documented killing rabbits in cruel “live lure” training exercises.

“Passing the Greyhound Protection Act in the House Agriculture Committee is more evidence of the emerging national consensus that greyhound racing is archaic and inhumane. This is just the first step on this legislative journey, but it’s the first ever vote on the Greyhound Protection Act and it signals future success,” said Wayne Pacelle, president of Animal Wellness Action and the Center for a Humane Economy.

In 2018, Florida voters passed a ballot measure to end gambling on greyhound races with 69% of the statewide vote. Florida was the first state to legalize dog racing in 1931 and prior to the launch of the ballot measure campaign, Florida hosted 12 of the 18 tracks operating in the US. Attorney General Pam Bondi, who was then Attorney General of Florida, actively supported the measure. Multiple other states followed Florida’s lead, including Alabama, Arkansas, Iowa, and Texas. However, West Virginia law currently mandates that greyhound racing continue as a condition of offering other forms of gambling. The state also requires annual subsidy payments of up to $22 million to owners of racing dogs.

“Greyhound racing is cruel and inhumane, and will soon be relegated to the dustbin of history. In modern society, greyhounds are loving companions, and should not be used and abused as gambling props,” said GREY2K USA Worldwide President and General Counsel Christine A. Dorchak, who drafted the bill.

The Greyhound Protection Act has been endorsed by more than 250 animal protection groups, local animal shelters, anti-gambling organizations, international NGOs, and greyhound adoption groups. In the last Congress, a nearly identical bill won the support of 80 cosponsors. Notable endorsers include Stop Predatory Gambling, the Federation of Humane Organizations of West Virginia, Eastwood Ranch Rescue, the National Greyhound Adoption Program, the National Humane Education Society and Best Friends Animal Society.

The federal government has authority on this subject because dogs are bred and transported across state lines for racing and races are broadcast to numerous states for simulcast gambling. The bill amends the Animal Welfare Act to achieve its purpose of ending greyhound racing.

The post GREY2K USA Worldwide and Animal Wellness Action Celebrate House Agriculture Committee Passage of a Ban on Greyhound Racing in America appeared first on Americas iGaming & Sports Betting News.

Continue Reading

Compliance Updates

Dutch Regulator Publishes Match-fixing Trend Analysis 2025

Published

on

dutch-regulator-publishes-match-fixing-trend-analysis-2025

 

The Dutch gambling regulator, Kansspelautoriteit (KSA), has published its Match-fixing Trend Analysis for 2025.

The number of reports of possible match-fixing in 2025 remained roughly the same as in 2024. However, there was a change within the reports: gambling providers reported more athletes betting on their own competition, which wasn’t the case in 2024.

Gambling providers are obligated to prevent match-fixing as much as possible. They can do this, for example, by not offering bets on high-risk matches. If a provider suspects match-fixing, it can report it to the Sports Betting Intelligence Unit (SBIU) of the Royal Netherlands Gambling Authority (KSA). In recent years, the KSA has actively worked to raise awareness about filing these reports.

In 2025, the KSA received 12 reports of match-fixing from 9 different license holders, compared to 13 reports the previous year. It is striking that 4 of these reports concerned betting on the club’s own competition, while this category did not occur in 2024. In this context, the KSA increased its focus on preventative education for athletes in 2025, informing them about what is and is not permitted and the associated risks.

Last year, the KSA published a guideline, “Commitment to Integrity,” to provide providers with additional tools to combat match-fixing. Furthermore, an ongoing investigation into the sports betting offerings of various providers was conducted throughout 2025. This investigation resulted in several warnings and a penalty for prohibited offerings.

The post Dutch Regulator Publishes Match-fixing Trend Analysis 2025 appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania